Indonesia’s Pertamina plans gasoline imports of up to 11 mil barrels in Nov: sources

Indonesia’s state-owned Pertamina plans to import around 10 million-11 million barrels of gasoline in November, stable to slightly lower compared with estimated imports of 11 million barrels in October, market sources said Thursday. “There is not much change in demand for Pertamina … gasoline inventories are stabilized and [new purchase requirements] are to build up
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China’s coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply. Total arrivals last month fell 12 percent from August to the lowest since May at 25.14 million tonnes, data from the General Administration of Customs showed.
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China’s daily crude oil imports in September hit their highest level since May, customs data showed on Friday, as independent refiners looked to shore up their inventory ahead of winter. Shipments into the country last month stood at 37.12 million tonnes, or 9.05 million barrels per day (bpd), up from 9.04 million bpd in August
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China’s iron ore imports rose to their highest level in four months in September, according to customs data issued on Friday, as steel mills ramped up output ahead of winter production restrictions. Arrivals of steelmaking ingredient iron ore increased to 93.47 million tonnes last month from 89.35 million tonnes in August, but were down from
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India’s oil imports from Iran edged up in September from the previous month as refiners pushed back loading of some August cargoes due to a delay in obtaining government approval to use Iranian ships and insurance, data obtained from sources showed. Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran,
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Besides announcing a number of measures to shore up the rupee and control the current account deficit (CAD), the government has indicated that it may soon curb non-essential imports. Some of the steps announced following a recent meeting chaired by the Prime Minister to review the state of the economy include scrapping withholding tax on
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India isn’t planning to buy any Iranian oil in November, raising the prospect that Tehran will lose another major customer as U.S. sanctions hit and spurring speculation over whether China will follow suit. India is joining other Asian buyers such as South Korea and Japan that have already halted imports from the Persian Gulf state
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Tirupur Exporters Association (TEA) has welcomed the Union Government’s decision — extension of IGST exemption from 1 October 2018 to 1 April 2019 for Domestic Tariff Area exporting units also. In a press release issued on 26 September 2018, Shri.Raja M Shanmugham, President, TEA, welcomed the positive measure after considering his representation and mentioned that
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NEW DELHI: Rising imports from China have taken a heavy toll on the employment-generation potential of the manufacturing sector, especially among the micro, small and medium enterprises (MSMEs), the parliamentary standing committee on commerce said. The major impact of Chinese imports has been felt by labour-intensive sectors like textile, steel and power. “The stainless-steel industry
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NEW DELHI: The Government will “very soon” implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12% slide in the currency as a temporary phenomenon. The Government had earlier this
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